Blackberry reports $144M loss, revenue down 32% in Q3 2021 – National

BlackBerry Ltd. says its internet loss surged to US$144 million in its newest quarter as revenues fell 32 per cent.

The Waterloo, Ont., based mostly firm, which studies in U.S. {dollars}, says it misplaced 25 cents per share within the three months ended Aug. 31, in contrast with a lack of 4 cents per share or US$23 million a 12 months earlier.

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Blackberry trims loss to $62M after nearly 16% revenue drop in Q1 2021

The loss contains 12 cents per share for a non-cash accounting adjustment to the truthful worth of the convertible debentures because of market and buying and selling situations.

Excluding one-time objects, it swung to an adjusted lack of US$33 million or six cents per share, versus an adjusted revenue of $58 million or 10 cents per share within the second quarter of its fiscal 2021.

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BlackBerry was anticipated to report an adjusted lack of seven cents per share and a internet lack of 13 cents per share on US$163.5 million of revenues, based on monetary information agency Refinitiv.

The corporate says it has appointed John Giamatteo, who was president and chief income officer at McAfee, as president of its cybersecurity enterprise efficient Oct. 4.

© 2021 The Canadian Press | Blackberry studies $144M loss, income down 32% in Q3 2021 – Nationwide


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